The chart pattern suggests that if Nifty crosses and sustains above 18670 level - Jainam Share Consultants
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Nifty
Nifty opened with an upward gap but witnessed selling from the opening tick to end negative. Nifty closed at 18497 with a loss of 113 points. On the daily chart index has formed a sizable bearish candle and closed below previous session's low indicating negative bias. The chart pattern suggests that if Nifty crosses and sustains above 18670 level it would witness buying which would lead the index towards 18730-18800 levels. However if index breaks below 18400 level it would witness selling which would take the index towards 18350- 18300.
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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785
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